CULBERTSON A N & CO INC

Fundamental diversified ★Signal CIK 1224890
League rank
#547
in Fundamental diversified · #3679 overall
Long book
$770.9M
Q1 2026
Positions
131
Top-10 weight
41%
concentration
Last quarter
+11.6%
SPY +14.8%
Turnover
19%
of book per quarter

Strategy in plain words

auto-generated from filings

CULBERTSON A N & CO INC is a diversified fundamental manager, running a $770.9M US long book across 131 positions.

The portfolio is moderately concentrated (top 10 ≈ 41% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, APPLE INC, JOHNSON & JOHNSON, JPMORGAN CHASE & CO, MICROSOFT CORP.

Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.2%
Q2 2024
+7.8%
Q3 2024
+1.5%
Q4 2024
+0.1%
Q1 2025
+5.4%
Q2 2025
+9.1%
Q3 2025
+3.2%
Q4 2025
-0.6%
Q1 2026
+11.6%

Sector allocation

Financials
27%
Technology
22%
Industrials
14%
Healthcare
12%
Consumer discretionary
8%
Energy
6%
Consumer staples
3%
Services media
2%

Long book by quarter

$579.3M
Q1 2024
$572.6M
Q2 2024
$621.1M
Q3 2024
$628.7M
Q4 2024
$626.0M
Q1 2025
$651.3M
Q2 2025
$706.6M
Q3 2025
$728.9M
Q4 2025
$770.9M
Q1 2026

What does CULBERTSON A own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials119.6K$57.3M7.4%+2.7%
AAPL APPLE INCTechnology179.2K$45.5M5.9%+3.6%
JNJ JOHNSON & JOHNSONHealthcare167.0K$40.8M5.3%+123.4%
JPM JPMORGAN CHASE & COFinancials109.5K$32.2M4.2%-3.6%
MSFT MICROSOFT CORPTechnology83.9K$31.0M4.0%+2.3%
CAT CATERPILLAR INCIndustrials39.7K$28.1M3.6%-3.0%
GS GOLDMAN SACHS GROUP INCFinancials26.6K$22.5M2.9%-2.3%
GOOG ALPHABET INC-CL CTechnology67.0K$19.2M2.5%-1.1%
CMI CUMMINS INCIndustrials34.3K$18.4M2.4%-1.4%
ABBV ABBVIE INCHealthcare80.4K$17.5M2.3%+19.8%
MCK MCKESSON CORPConsumer discretionary19.9K$17.2M2.2%-3.8%
XOM EXXON MOBIL CORPEnergy93.6K$15.9M2.1%+27.8%
CVX CHEVRON CORPEnergy70.0K$14.5M1.9%+2.8%
DE DEERE & COIndustrials24.7K$13.9M1.8%-2.0%
ORCL ORACLE CORPTechnology93.5K$13.8M1.8%+29.6%
MCD MCDONALD'S CORPConsumer discretionary35.9K$11.1M1.4%-2.8%
GOOGL ALPHABET INC-CL ATechnology36.5K$10.5M1.4%-0.4%
PEP PEPSICO INCConsumer staples65.8K$10.2M1.3%-3.6%
ABT ABBOTT LABORATORIESHealthcare92.2K$9.5M1.2%+1.8%
FDX FEDEX CORPIndustrials26.3K$9.4M1.2%-0.7%
GLW CORNING INCIndustrials66.5K$9.0M1.2%-24.6%
AMZN AMAZON.COM INCConsumer discretionary41.5K$8.6M1.1%+36.4%
PG PROCTER & GAMBLE CO/THEOther58.9K$8.5M1.1%-1.1%
USB US BANCORPFinancials161.6K$8.4M1.1%+12.8%
BN BROOKFIELD CORPReal estate198.6K$8.0M1.0%+22.3%
APD AIR PRODUCTS & CHEMICALS INCMaterials27.1K$7.9M1.0%+6.7%
MKL MARKEL GROUP INCFinancials4.0K$7.6M1.0%+31.2%
V VISA INC-CLASS A SHARESServices media24.0K$7.2M0.9%+13.0%
CSCO CISCO SYSTEMS INCTechnology93.0K$7.2M0.9%-8.5%
WFC WELLS FARGO & COFinancials84.6K$6.7M0.9%-1.2%
EOG EOG RESOURCES INCEnergy41.6K$6.0M0.8%+22.0%
WMT WALMART INCConsumer discretionary43.2K$5.4M0.7%+405.6%
TRV TRAVELERS COS INC/THEFinancials18.1K$5.3M0.7%-10.0%
ADP AUTOMATIC DATA PROCESSINGTechnology23.1K$4.7M0.6%-3.6%
C CITIGROUP INCFinancials38.7K$4.4M0.6%-3.2%
MS MORGAN STANLEYFinancials25.7K$4.2M0.5%+1.1%
TXN TEXAS INSTRUMENTS INCTechnology20.7K$4.0M0.5%+1.0%
BAC BANK OF AMERICA CORPFinancials81.6K$4.0M0.5%-1.7%
VZ VERIZON COMMUNICATIONS INCCommunications76.2K$3.8M0.5%+24.8%
TJX TJX COMPANIES INCConsumer discretionary23.4K$3.7M0.5%New
COF CAPITAL ONE FINANCIAL CORPFinancials20.4K$3.7M0.5%+82.4%
MTB M & T BANK CORPFinancials17.1K$3.5M0.5%-2.1%
STT STATE STREET CORPFinancials27.3K$3.5M0.4%+242.1%
IBM INTL BUSINESS MACHINES CORPTechnology11.3K$2.7M0.4%-4.7%
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples46.0K$2.6M0.3%-32.0%
HSY HERSHEY CO/THEConsumer staples12.6K$2.6M0.3%-4.6%
CVS CVS HEALTH CORPHealthcare34.7K$2.5M0.3%-10.2%
AMGN AMGEN INCHealthcare6.8K$2.4M0.3%+253.4%
D DOMINION ENERGY INCUtilities38.3K$2.4M0.3%+19.6%
T AT&T INCCommunications78.8K$2.3M0.3%-0.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 2026132$770.9M canonicalSEC ↗
Q4 202513F-HRJan 21, 2026128$728.9M canonicalSEC ↗
Q3 202513F-HROct 24, 2025128$706.6M canonicalSEC ↗
Q2 202513F-HRAug 11, 2025127$651.3M canonicalSEC ↗
Q1 202513F-HRMay 15, 2025124$626.0M canonicalSEC ↗
Q4 202413F-HRJan 16, 2025126$628.7M canonicalSEC ↗
Q3 202413F-HROct 16, 2024126$621.1M canonicalSEC ↗
Q2 202413F-HRJul 30, 2024121$572.6M canonicalSEC ↗
Q1 202413F-HRApr 30, 2024122$579.3M canonicalSEC ↗